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VERGE / BITCOIN

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XVGBTC trade ideas

Bulls may have odds on their favor this timeASSUMPTIONS: 1) TOTAL2 (altcoin cap) growing very healthy, will keep give benefits to midcaps too anytime soon. 2) fundamentals on XVG are back, as the hype might be back (soon). 4) we are coming from 3 full years bear market and this coin (XVG) was literally demolished. All these elements combined together can't bring a market participant, whose brain is turned on, into a different perspective than the bullish one: I'm not calling the "Moon" or "Lambo" 2000 or 4000 satoshis, but this doesn't mean now bulls don't have the odds on their favor. DISCLAIMER: This strategy anticipates the market, therefore the risk is high. If the scenario will be confirmed, the reward then will be just immense. STRATEGY: - Buying the "Support" neckline, which is the one currently being tested (multiple validation in the past weeks or months). - Won't sell any of the coins until reached the targets: WAVE 1 (daily EMA 99) and WAVE 3 (daily EMA 200). - Wave 5 distribution: this will possibly end up against the "Resistance" neckline, or somewhere around the red field. - Hold on, and enjoy the ride. NO FINANCIAL ADVISE. ALWAYS DO YOUR OWN RESEARCHES
Long
by vitoguerra92
1
XVG/BTC (Weekly Key Support Failed)💎Technical Analysis Summary💎 BITTREX: XVGBTC -VERGE broke its weekly key support area around 34s sat -This is an extremely Bearish signal for this altcoin -There is no strong support until the 9 sat area -Where we can see a previous resistance last April 2017 -This is a -70% downfall from its key support -Please don't try to catch a falling knife A big Thanks for donating 💰 via Tradingview coins this week to CITIZENCAINE 🙏🎉 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Please Exercise Risk Management 💱 `````````````````````````````````````````````` Thank You All!🙏😊💖For Supporting My Channel 📺 Through Leaving A Thumbs Up, Comment & Follow 💬 Happy Trading!😊💕💖 ``````````````````````````````````````````````
by PolarHusk
3